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Overall Cost for comparison
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LeonThePro_2
Posts: 11 Forumite
Good evening,
We are just about to purchase a new house and need to change/increase our mortgage. If I am looking at fixed rate mortgages what is more important the fixed rate over the set period or the overall cost for comparison. I will be looking to change/renegotiate after the fixed rate changes?
Thanks.
We are just about to purchase a new house and need to change/increase our mortgage. If I am looking at fixed rate mortgages what is more important the fixed rate over the set period or the overall cost for comparison. I will be looking to change/renegotiate after the fixed rate changes?
Thanks.
0
Comments
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You should look at the true cost over the fixed rate period i.e. taking into account all the mortgage scheme feesI am a Mortgage AdviserYou should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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